Audiobus version 1.0.2 is live, details inside

New preferences pane allowing users to choose between a 512 and 256 frame hardware buffer size. (Please choose 512 if you're experiencing stuttering audio. Choose 256 if you want the fastest response time for live play. Only iPad 3, 4 and iPhone 5 default to 256 now, all other devices to 512. More about hardware buffer size below.)

Apps are now sorted alphabetically in the input/output/effects pop-over windows.

New status bar in the Audiobus main screen, showing current hardware buffer size and battery status. We don't want you to run out of juice in the middle of a jam!

This is an amazing update. Runs flawlessly on my iPad 2. Although I didn't have any problems previously, things just seem to run smoother. Recording various Synths into Auria. Gonna try guitars via Jamup Pro (into Auria) next.

@Michael_R_Grant – concerning your question on latency difference between 256 and 512. It may depend on the device. At 512, there is a detectable difference on my iPad 2, but it is slight. On my iPhone 4, the difference is more noticeable, but many of the app cominations were not usable at all before switching to 512.